AUDIT RISK MANAGEMENT AND ITS AFFECT ON THE AUDIT OF THE FINANCIAL STATEMENT

ანოტაცია

The paper describes the problems concerning assessment of the audit risk and its management on the initial planning and further stages of audit. It also deals with a comprehensive approach to the audit risk, which makes it possible to manage it by influencing all its determinants and the way the audit firms apply it for the sake of time-saving in the measurement of the control risk. We also developed the audit risk management logic chart.